Business Objects' Founder, Bernard Liautaud, Resigns as Chairman and Chief Strategy Officer Following Close of Business Objects Acquisition by SAP.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. & PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA ) (Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. code: FR0004026250 - BOB), the world's leading provider of business intelligence (BI) solutions, today announced that Bernard Liautaud Bernard Liautaud is chairman and chief strategy officer of Business Objects. Liautaud cofounded Business Objects in 1990 and was chief executive officer until September 2005. , the company's founder, has resigned his duties as Chairman and Chief Strategy Officer (CSO (Chief Security Officer) The person in charge of all staff members who are responsible for promulgating, enforcing and administering security policies for all systems within an enterprise or division. ). At its Annual General Meeting of Shareholders in June 2008, the SAP Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. intends to propose to elect Bernard Liautaud to the SAP Supervisory Board. Until that time, Mr. Liautaud will have an advisory role to Henning Kagermann, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SAP, on aspects of strategy and integration. This announcement is pursuant to the organizational changes announced following SAP's acquisition of Business Objects (link to http://www.sap.com/usa/company/press/press.epx?pressid=8734). "The industry I helped create almost two decades ago has changed dramatically over the years, and I am very proud to say that Business Objects has consistently been a pioneer in bringing innovation to the market," said Liautaud. "The vision we started out with is now a reality and the need for business intelligence has become pervasive across enterprises large and small. This industry is now at a tipping point and I am confident that, together with SAP, Business Objects will continue to innovate and help transform the way the world works by connecting people, information and businesses." Bernard Liautaud cofounded Business Objects in 1990 and was chief executive officer until September 2005, when he brought the Company to the one billion dollar revenue mark. Liautaud took the company public on NASDAQ in September 1994, and established a precedent by making Business Objects the first French software company listed in the United States. Since that time, Liautaud led Business Objects through 15 successful years of growth and profitability, transforming the Company into one of the 15 largest software companies in the world and the clear leader in the business intelligence market. In parallel to his successful stewardship of Business Objects, he created the Business Objects Foundation to channel employee and corporate philanthropic activities into communities around the world. About Business Objects Business Objects has been a pioneer in business intelligence (BI) since the dawn of the category. Today, as the world's leading BI software company, Business Objects transforms the way the world works through intelligent information. The company helps illuminate understanding and decision-making at more than 46,000 organizations around the globe. Through a combination of innovative technology, global consulting and education services, and the industry's strongest and most diverse partner network, Business Objects enables companies of all sizes to make transformative business decisions based on intelligent, accurate, and timely information. Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company's stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com. |
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